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Cable Update (GBPUSD)

  • #503,261
  • Nov 11, 2019 6:53am Nov 11, 2019 6:53am
Towards 1.30 test
A breakout could lead to 1.33 and higher based on simple momentum.
Happy trading
  • #503,262
  • Nov 11, 2019 6:55am Nov 11, 2019 6:55am
Quoting msniper
I think this up move is a bull trap and we will go down again I will say its bullish and no more down only if price manage to close daily candle above 1.2920
I expect only a retracement and do not expect close above 2920.

And still want to " buy " only any dips.
Intraday only.
  • #503,263
  • Nov 11, 2019 7:03am Nov 11, 2019 7:03am
Quoting fontu
Breakout usdx was ok but others got life for now, jumped i see, may further again. Gbpusd in another turmoil mide as broken 2822/37 or 55, may try further from about 2852. Anyway it seems last up to down again. Lets see {image} {image}
Noted these levels for TP and possible long scalp again.
Intraday only.
  • #503,264
  • Nov 11, 2019 7:05am Nov 11, 2019 7:05am
Quoting HaLBot
{quote} Does the dow open on Veterans Day?

that was crazy of me..i hardly check calender
i am not a fundie person so i just trade
Now i see tnx
MY OPINION NOT FINANCIAL ADVISE
  • #503,265
  • Nov 11, 2019 7:06am Nov 11, 2019 7:06am
Quoting navk
{quote} I expect only a retracement and do not expect close above 2920. And still want to " buy " only any dips.
I agree with Sniper.

Still bearish, low liquidity on Monday, US banks closed. News comes out GBP GDP weak, yet very little reaction to bearish side at news release. PA just shaking out sellers, and trapping buyers. Bullish move with Farage seems like noise.
  • #503,266
  • Nov 11, 2019 7:07am Nov 11, 2019 7:07am
#GBPUSD Stop-losses are here. Ready for Stop-Loss Killer Candle.

Attached Image (click to enlarge)
Click to Enlarge Name: sinrOWo.png Size: 493 KB


Visit my thread
Oleg Alexandrov, market analyst. Find me in Google
  • #503,267
  • Nov 11, 2019 7:10am Nov 11, 2019 7:10am
Quoting Ra.
{quote} I agree with Sniper. Still bearish, low liquidity on Monday, US banks closed. News comes out GBP GDP weak, yet very little reaction to bearish side at news release. PA just shaking out sellers, and trapping buyers. Bullish move with Farage seems like noise.
current levels... yes short opportunity.


Current day... long day as per my chart.

Though tomorrow is another day But dips can be bought in my opinion tomorrow too unless my chart says bearish again... which I can see only at the end of NY.
Intraday only.
  • #503,268
  • Nov 11, 2019 7:14am Nov 11, 2019 7:14am
can be 1.29140.for short wait red H ashi H4
  • #503,269
  • Nov 11, 2019 7:19am Nov 11, 2019 7:19am
Quoting navk
{quote} I expect only a retracement and do not expect close above 2920. And still want to " buy " only any dips.
1h and 4h bullish but daily still bearish as long its below my PINK line

that's why I said if we close daily above 1.2920 I will assume no more down and we continue to a new weekly high

but u can see on chart its maybe just retest for the pink line resistance then drop again
Attached Image
  • #503,270
  • Nov 11, 2019 7:28am Nov 11, 2019 7:28am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 44 KB
yes yes yes
  • #503,271
  • Nov 11, 2019 7:29am Nov 11, 2019 7:29am
Quoting msniper
{quote} 1h and 4h bullish but daily still bearish as long its below my PINK line that's why I said if we close daily above 1.2920 I will assume no more down and we continue to a new weekly high but u can see on chart its maybe just retest for the pink line resistance then drop again {image}
to me, what happened today is 4 hr retrace... yes, to morrow can decide further moves.
Intraday only.
  • #503,272
  • Nov 11, 2019 7:29am Nov 11, 2019 7:29am
1.29 is the mid of range of 4 weeks trading a break above it can trigger high but for now we had last week broken this to the down side and retested today, this level can be a momentum to the down side ...

i took this risk of 100pips sl for 350 pips tp.
risk small for big
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB
MY OPINION NOT FINANCIAL ADVISE
  • #503,273
  • Nov 11, 2019 7:36am Nov 11, 2019 7:36am
en bbq money
  • #503,274
  • Edited 7:56am Nov 11, 2019 7:45am | Edited 7:56am
Quoting navk
{quote} Noted these levels for TP and possible long scalp again.
ok move actually as all levels we see market try to avoid to set all traps , anyway one last leg up to tank most probable , added huge volatilities for sure. , short already there weeks before & now again to engage adding. not know what causes early bounce, may some news false spike ! take care

just see , some brexit deal unhappiness !people need anything to play dirty!likely back from where it starts !limit down for up 2831 & 2808
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 38 KB
Click to Enlarge Name: GBPUSDH4.png Size: 40 KB
Click to Enlarge Name: GBPUSDM30.png Size: 30 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,275
  • Nov 11, 2019 7:49am Nov 11, 2019 7:49am
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 30 KB
yes yes yes
  • #503,276
  • Nov 11, 2019 7:52am Nov 11, 2019 7:52am
Quoting fontu
{quote} ok move actually as all levels we see market try to avoid to set all traps , anyway one last leg up to tank most probable , added huge volatilities for sure. , short already there weeks before & now again to engage adding. not know what causes early bounce, may some news false spike ! take care just see , some brexit deal unhappiness !people need anything to play dirty! {image} {image}

nice view
MY OPINION NOT FINANCIAL ADVISE
  • #503,277
  • Nov 11, 2019 7:56am Nov 11, 2019 7:56am
Quoting Georginson
{quote} Don't be too certain, a certain dump to 1.2700 looms in few days!
I meant WEAK SHORTS.
My target is still 1.268 - 1.27 then up.
Lost....
  • #503,278
  • Edited 8:29am Nov 11, 2019 8:16am | Edited 8:29am
Quoting gespiri
{quote} I meant WEAK SHORTS. My target is still 1.268 - 1.27 then up.
it happens any time , anyway if confirm 2767 breaks& hold next time , target goes further down 2700 easily as H4 support will go & Daily /weekly supports come into play

gold did these stages much early & now waiting breaks the limits to settle the smooth bear/ correction down
https://www.metalsmine.com/showthrea...9#post12609739

brent also may to tank enough without much reaction, and so how currencies go much high or any great bull
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 41 KB
Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
Click to Enlarge Name: GOLDH1.png Size: 43 KB
Click to Enlarge Name: BRENTWeekly.png Size: 43 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,279
  • Nov 11, 2019 8:24am Nov 11, 2019 8:24am
can be retrace H1 but after can be up- maybe short h1- wait red candle h1 HAshi,but after can be up-after retrace
  • #503,280
  • Nov 11, 2019 8:35am Nov 11, 2019 8:35am
unfortunately my morning long stopped out +1

following sell was a loss -10

currently short 1.2873

waiting for price to come down to 1.2830 level for long entry
targeting 1.2950 level
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